In order to avoid tax fraud and increase the accuracy of VAT reporting, tax administrations around the world are adopting an electronic invoicing system which enables tax authorities to have a consistent approach to managing tax audits. This system is known as the Standard Audit File for Tax, and it is becoming an increasingly popular …
Category Archives: E-Commerce
Registering for Pan-European FBA: The VAT Implications You Need to Be Aware Of
In our previous article on Pan-European FBA titled Pan-European FBA: How this Amazon service can help your business skyrocket to success, we demonstrated the advantages of using this service, and how Pan-European FBA can help to cut your fulfilment fees, simplify the distribution process and help you to attract more customers. In this article, we …
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How to deal with negative feedback
It can be disheartening receiving a negative review on your business for the first time, especially when you’ve invested your heart and soul into it. It can be frustrating for many business owners who feel like their hard efforts aren’t being truly recognized online for those that they have helped. One thing for sure, that …
Tax Avoidance V Tax Evasion
Let’s face it. Nobody likes paying tax. It is a necessary duty we all have to perform, even if we don’t necessarily like it. So here is a thought. Can a good tax accountant help me save money? Yes, he can. And more so, he can help you stay within the law. Careful! There is …
Pan-European FBA: How this Amazon service can help your business skyrocket to success
If you are an online business and you use Fulfilment by Amazon to sell products to any of the major marketplaces in Europe (such as UK, Germany and France), you may be wondering if there are any cheaper and more efficient alternatives when selling cross-border. You will be pleased to know that the answer is …
Online Marketplaces in Europe: What are the Alternatives to Amazon and eBay?
For most E-commerce businesses who are selling to European countries, Amazon is their go-to platform for selling goods. Sole traders are more likely to use eBay. But what if you were to consider alternative marketplaces to Amazon and eBay – European platforms that are top of the E-commerce charts in the country they are based …
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Reverse Charge: How is the EU Combating VAT Fraud?
A crime only then becomes a favourite crime when it is profitable. Well, this is most certainly the case. EU member countries need to write off billions of Euros in VAT revenue each year due to fraud and inadequate tax collections systems. The loss in VAT is commonly known as the VAT gap, which is …
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Popular E-Commerce Trends to Start Following In 2019 (Part 3)
In May 2019, we listed 6 new E-commerce trends that we believe will benefit your E-commerce business in our articles Popular E-Commerce Trends to Start Following In 2019 (Part 1) and Popular E-Commerce Trends to Start Following In 2019 (Part 2). After three months, we have revisited the topic being so inspiring and useful, we …
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eBay Sellers: The £1,000 Tax-Free Allowance You May Not Know About
As an online trader who sells on online marketplaces, you may be familiar with the differences between eBay and Amazon – eBay is better suited for individuals and sole traders, and Amazon is a platform oriented towards third-party sellers and small businesses. That said, this is not the only difference between these two, as there …
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What is the Fulfilment House Due Diligence Scheme (FHDDS), and how does it affect me?
The Fulfilment House Due Diligence Scheme was introduced on 1 April 2018 by the UK Government in order to prevent sellers from outside the EU committing fraud when storing their goods in UK warehouses. It is common for sellers based outside of the European Union to make online sales to customers in the UK, and …
J&P Accountants: Blog 